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    3121 Fergus Ave Palm Bay, FL 32909

    For Sale
    $43,900

    10,454 sq ft lot, build your dream!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 10,454.4 square foot vacant lot presents a unique opportunity for commercial or residential development in the desirable Palm Bay, Florida area. Located at 3121 Fergus Avenue SE, zip code 32909, this property boasts a convenient 83 x 125 foot dimension. The lot is ready for construction, offering the advantage of a paved street and the peace of mind of having no immediate neighbors on either side. Utilities are in place with well water and septic already established. The property is zoned for both commercial and residential use, providing flexibility for a variety of development projects. The surrounding area is experiencing significant growth, with numerous new homes currently under construction, indicating a strong and thriving community. This prime location in Brevard County, Florida offers an excellent investment potential for those seeking to capitalize on the burgeoning real estate market. The asking price is $43,900. Don't miss this chance to acquire this versatile and well-situated lot.

    Property Features for 3121 Fergus Ave

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6662939
    Latitude
    27.916326

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    FAQs

    What type of property is this?
    Land - 10,454 sq ft lot, build your dream!
    Where is this land located?
    The property is located at 3121 Fergus Ave Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $43,900.
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    3121 Fergus Ave Palm Bay, FL 32909
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    Palm Bay, FL 32909
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3121 Fergus Ave Palm Bay, FL 32909
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